Reply To: Traders Market Weekly: Avoid Whiplash, Fasten Your Seatbelts

#74123
Truman
Participant

Market Early Morning
Dow 38566.16 +340.50 (0.89%)
Nasdaq 16100.52 +259.56 (1.64%)
SP 500 5108.49 +44.29 (0.87%)
10-yr Note +4/32 4.527
NYSE Adv 2007 Dec 688 Vol 158 mln
Nasdaq Adv 2515 Dec 1197 Vol 1.5 bln

Industry Watch
Strong: Information Technology, Real Estate, Consumer Discretionary, Materials, Industrials
Weak: Energy

Moving the Market
— Reacting to the April jobs report, which was pleasing in terms of implications for earnings growth and the Fed’s policy path
— Sharp drop in market rates following jobs report
— A big gain in Apple (AAPL) following earnings; strength in other mega caps